SAMSONITE (01910) grants restricted stock units and long-term cash incentives.

SAMSONITE (01910) announced that on June 9, 2026, the company granted Mr. Gendreau 2.0722 million restricted stock units and 2.6154 million restricted stock units linked to a special one-time guarantee. In addition, several other senior management personnel were granted 2.9053 million restricted stock units and 2.1045 million restricted stock units linked to a special one-time guarantee, subject to acceptance by the grantee. The company also granted long-term cash bonus opportunities to several employees of the group. The long-term cash bonus entitles the grantee to receive a target cash amount in three equal installments over a three-year period. The purpose of the long-term cash bonus is to retain the grantee by ensuring that the bonus will be vested over a period of time and the payment of the target amount is guaranteed. Furthermore, to incentivize future performance, if the share price increases during the three-year vesting period, the long-term cash bonus allows the grantee to share in the benefits of business growth. If certain share price targets are met, the amount payable to the grantee under the long-term cash bonus may increase (up to 150% of the target amount). Using the long-term cash bonus to replace additional grants under the stock reward plan provides the company with the opportunity to offer long-term incentives to key employees of the group while managing the dilution of equity resulting from all rewards granted under the stock reward plan in 2026.